UK Halifax house price index Jan mm +2.0% vs 0.0% exp

  • +1.1% prev revised up from +0.9%
  • 3mth-year +8.5% vs +7.7% exp vs +7.8%

Better than expected reading but tempered by accompanying comments

  • they expect overall downtrend to continue over the coming months
  • expect house prices in 2015 to rise by 3-5% vs 8% in 2014

GBPUSD unmoved around 1.5205 EURGBP off session highs at 0.7482

UK Halifax HPI mm

UK Halifax HPI mm

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